Forward Industries Launches $1.65B Solana Treasury Strategy with 6.9M SOL Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Source: Newsfilter
- Asset Expansion: Since launching its Solana treasury strategy in September 2025, Forward Industries has rapidly accumulated over 6.9 million SOL, establishing itself as the world's largest Solana treasury, showcasing strong market leadership and capital appreciation potential.
- Significant Financing Achievement: The company completed a $1.65 billion private placement led by Galaxy Digital and Jump Crypto on September 11, 2025, marking the largest fundraising for a Solana-focused digital asset treasury, further solidifying its financial foundation.
- Innovative Product Launch: Forward Industries introduced the fwdSOL liquid staking token aimed at maximizing yield from staked SOL while utilizing fwdSOL as DeFi collateral, enhancing its competitiveness in the decentralized finance space.
- Share Repurchase Program: The company authorized a stock repurchase program of up to $1 billion, aimed at enhancing shareholder value and boosting market confidence, reflecting strong optimism about future growth.
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Analyst Views on FWDI
About FWDI
Forward Industries, Inc. is a global design, sourcing and distribution company serving medical and technology customers worldwide. The Company's segments include OEM distribution and design. The OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to original equipment manufacturers (OEMs) or their contract manufacturers worldwide. It sells carrying cases for blood glucose diagnostic kits. The design segment consists of two operating segments (IPS and Kablooe) that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the United States. In the design business, its services offered vary from full development utilizing a range of in-house design and engineering functions, to targeted design and engineering support for clients with in-house development teams.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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